Oklahoma regulator nominated for Rhode Island’s top cannabis post
Michelle Reddish, who has served as chief operating officer of the Oklahoma Medical Marijuana Authority for the past year, has been nominated to lead Rhode Island’s newly created cannabis agency. The Senate Committee on Judiciary is scheduled to consider...
Delaware expands medical marijuana program ahead of adult-use sales launch
Delaware’s governor on Tuesday signed into law a vast expansion of the state’s medical marijuana program. Under House Bill 285, anyone with a “diagnosed medical condition” who would “receive therapeutic or palliative benefit” from medical...
Cannabis technology firm Agrify regains Nasdaq compliance
Cannabis technology firm Agrify Corp. said it has regained compliance with Nasdaq’s stock listing rules after converting $13.8 million of debt to equity. “The $13.8 million debt-to-equity conversion is a very significant commitment from the management and...
Goodness Growth seeks $860 million from Verano in failed marijuana acquisition
Marijuana multistate operator Goodness Growth is seeking $860.9 million in damages from Verano Holdings Corp., alleging breach of contract after the latter terminated its agreement to acquire Goodness Growth Holdings. Minneapolis-headquartered Goodness Growth filed an...
Lawmakers OK transfer of Louisiana’s 2 cannabis grow permits to private entities
Louisiana’s GOP-led Legislature has sent a bill to the state’s Republican governor that would transfer the state’s two medical cannabis cultivation licenses from public universities to private companies. Senate Bill 228, sponsored by Sen. Patrick McMath, easily...
Biden drug czar hints at interstate commerce if marijuana is rescheduled
Marijuana rescheduling could allow for “legitimate interstate commerce within the federal system,” the Biden administration’s drug czar said in a recent interview. In comments to the Minneapolis Star Tribune, Dr. Rahul Gupta, the director of the Office of National...
New York cannabis chief resigns in wake of criticism
Chris Alexander has resigned as executive director of New York’s Office of Cannabis Management rather than finish out his term. It was expected that Alexander would work until his term expires in September after Gov. Kathy Hochul said earlier this month he would...
Marijuana lab testing accuracy improving, study in new science journal finds
Marijuana testing labs’ ability to detect pesticides on plant material improved over the course of a four-year study. The study, shared exclusively with MJBizDaily and reMind in conjunction with the launch of the Cannabis and Psychedelic Science Journal (CAPS...
New York court issues record $15 million fine to unlicensed cannabis operator
A New York court has ordered David Tulley to pay a $15.2 million fine for operating six unlicensed cannabis stores in Cayuga, Oswego and Wayne counties, the largest penalty levied in a multiagency effort to curb illicit operations statewide. Tulley, the owner of the...
State-run marijuana sales model passes New Hampshire Senate
Adult-use marijuana legalization cleared the New Hampshire Senate, but more needs to be done before the state sees legal sales. The state Senate voted 14-9 late Thursday to pass House Bill 1633, but only after making significant modifications to a measure previously...
Cannabis tech company Agrify converts $13.8M in debt to equity to pacify Nasdaq
Cannabis technology company Agrify Corp. converted roughly $13.8 million in debt to equity to regain compliance with Nasdaq’s stock listing rules. CP Acquisitions, an entity controlled by Agrify Chair and CEO Raymond Chang and board member I-Tseng Jenny Chan,...Featured
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